U.S. Oil & Gas, a Nevada-based oil and gas exploration firm, has announced that it has completed data integration and petrophysical study of the hydrocarbon shows, downhole log and cutting samples from the Eblana #1 exploration well, which was drilled by Major Oil International, its wholly owned subsidiary.
The company has finalized a plan for the next operation phase following the completion of reservoir studies and petrophysical analysis by US Oil and Baker Hughes specialists. The company will perforate at least 11 pay zones out of the 20 possible zones discovered by the well-log analysis.
Currently, the company is planning to perform production testing at the exploration well with the help of a work over rig to gather additional reservoir production test information, which includes reservoir pressure, flow rates and other data.
According to Brian McDonnell, U.S. Oil’s Chief Executive Officer, thorough testing of the huge amounts of data that was produced by the company’s Eblana #1 discovery has improved their knowledge of well reservoir properties. The company is expecting to conduct the subsequent phase of the exploration process.
U.S. Oil & Gas intends to discover and purchase oil and gas assets during the early stage of the upstream life-cycle. The main asset of the company is located in Nye County, Nevada. Major Oil has purchased rights to explore and expand acreage in Hot Creek Valley, near to the Railroad Valley region of Nevada.